Analysts Expect BOJ to Hold Rate at 1.25% at October Meeting

Analysts tracking the Bank of Japan expect the central bank to keep its policy rate at 1.25% at its Oct. 29-30 meeting, while most respondents see the next increase in December. Every respondent to an Oct. 14-20 survey expected a hold. More than 80% forecast the next rate increase for December. The findings add a December timing estimate to the outlook for the October policy meeting . The current 1.25% rate followed a September increase that took effect Sept. 24. The BOJ Policy Board approved that move by a 7-2 vote on Sept. 18.

Source: TokenPost